GlobalData offers a comprehensive analysis of OGE Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on OGE Energy‘s ESG performance. GlobalData’s company profile on OGE Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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OGE Energy, an energy company, is committed to reduce its carbon emissions, and has undertaken a comprehensive Climate Analysis based on the TCFD framework, discussing their emissions expectations and various aspects of physical and transitional climate-related risks. The company anticipates achieving a 50% reduction in greenhouse gas (GHG) emissions under scope 1 and scope 2 categories by the year 2030, relative to the levels recorded in 2005. Furthermore, the company has set a goal to retire 95% of its existing fossil-fueled generation by the year 2050. This reflects the company's commitment to substantial emission reductions and a transition towards cleaner energy sources over the next few decades. The company has successfully achieved a 40% reduction in carbon emissions and carbon intensity since 2005. Additionally, the company plans to replace 50% of its light-duty vehicles with electric vehicles (EVs) by the year 2025.
OGE Energy has taken steps to reduce emissions and has implemented a long-term and short-term strategy or plan to manage scope 1 emissions. It has also set emission reduction targets and analyzes its performance against those targets. In terms of investments, OGE Energy has participated in the Oklahoma Comprehensive Water Plan update, which led to the passage of the Water For 2060 Act. This act aims to establish a bold, statewide goal of consuming no more fresh water in 2060 than was consumed in 2010. The company is also partnering with Energy Impact Partners, a private equity firm focused on advancing clean energy technologies, to seek opportunities for clean energy transition and technology. Additionally, OGE Energy is working with large industrial customers to explore potential investments in green hydrogen, leveraging the abundance of wind and solar power in its service territory.
OGE Energy, an energy company, is dedicated to significantly reducing carbon emissions through a multi-faceted strategy. This involves retiring fossil-fueled generation, transitioning to cleaner energy sources, and increasing electric vehicle adoption. The company actively manages emissions through set reduction targets, engages in water conservation efforts, collaborates for clean energy advancement, and explores green hydrogen investments with industrial partners.
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